Musing About Economics, Computers and Technology

Thursday:• At 8:30 AM ET, the initial weekly unemployment claims report will be released.  The consensus is for an increase to 218 thousand from 213… Thursday: Unemployment Claims, GDP

Two key points:1) There is a clear seasonal pattern for house prices.2) The surge in distressed sales during the housing bust distorted the seasonal pattern.For… A few comments on the Seasonal Pattern for House Prices

Today, in the Calculated Risk Real Estate Newsletter: Pace of Rent Increases Continues to SlowA brief excerpt: Here is a graph of the year-over-year (YoY)… Pace of Rent Increases Continues to Slow

From the NAR: Pending Home Sales Dropped 2.0% in AugustPending home sales sagged for the third straight month in August, according to the National Association… NAR: Pending Home Sales Decreased 2.0% in August

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly SurveyMortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage… MBA: Mortgage Applications Decrease in Latest Weekly Survey

From Matthew Graham at Mortgage News Daily: Yes, Mortgage Rates Are Now Over 7%, But It’s ComplicatedThat brings us to the bottom line on 7%… Wednesday: Pending Home Sales

http://www.calculatedriskblog.com/2022/09/wednesday-pending-home-sales.html

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increased in August; Completed Inventory IncreasedBrief excerpt: The next graph shows the months of… New Home Sales Increased in August; Completed Inventory Increased

The Census Bureau reports New Home Sales in August were at a seasonally adjusted annual rate (SAAR) of 685 thousand.The previous three months were revised… New Home Sales Increase to 685,000 Annual Rate in August

Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index “Continued its Deceleration” to 15.8% year-over-year increase in JulyExcerpt: Both the Case-Shiller… Comments on July Case-Shiller and FHFA House Price Decreases